IT
HCL Infosystems awarded Rs 102 cr in arbitration case against UIDAI
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HCL Infosystems was awarded Rs. 102.81 crore in an arbitration proceeding against the Unique Identification Authority of India (UIDAI), along with interest at 10% per annum till recovery, the company said in a regulatory filing on Sunday.
The company had initiated proceedings against UIDAI to recover its dues as the managed services provider between August 7, 2019, and August 6, 2021. The contract to manage the Central Identities Data Repository (CIDR), which began in 2012, had initially been scheduled to end on August 6, 2019. Counter claims worth…
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